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Wheat, corn export inspections up on year
The USDA says wheat export inspections during the week ending September 5th were more than what’s needed to meet projections for the current marketing year. The 2024/25 marketing year got underway June 1st for wheat and September 1st for corn, sorghum, and soybeans. The USDA’s next set of supply and demand estimates is out Thursday, September 12th.
Wheat came out at 586,687 tons, down 16,003 from the week ending August 29th, but up 179,698 from the week ending September 7th, 2023. The top destinations were Mexico and Nigeria. Early in the second quarter of the 2024/25 marketing year, wheat inspections are 6,350,683 tons, compared to 4,755,337 in 2023/24.
Corn was reported at 836,413 tons, 129,931 lower than the previous week, but 200,192 higher than a year ago. The leading destinations were Mexico and Spain. Just after the start of the marketing year, corn inspections are 468,626 tons, compared to 636,221 this time last year.
Soybeans were pegged at 354,166 tons, a decline of 148,278 from the week before and 19,502 from last year. The top destinations were China and Indonesia. So far, this marketing year, soybean inspections are 262,457 tons, compared to 373,668 a year ago.
Sorghum totaled 3,718 tons, a drop of 119,353 on the week and 130,936 on the year. The reported destinations were China and Mexico. 2024/25 sorghum inspections are 3,622 tons, compared to 134,654 in 2023/24.
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